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How To Use Trading View?

Trading View is one of the best charting platforms available today to analyze stock market charts and to make trading or investment decisions based on that analysis.

There are many features that are available in Trading View some of the widely used features include –


Table of Contents


Trading View is a global charting platform, many brokers like Zerodha, Etrade, Interactive Brokers and TD Ameritrade use trading view as default charting solution integrated to their own broking app or web page.

In this comprehensive guide, we will explore everything you need to know about Trading View, from its features and functionalities to tips on how to make the most out of this platform.

trading view homepage

What is Trading View?

Trading View is a cloud-based charting platform that offers a wide range of features for traders of all levels. Whether you’re a beginner looking to learn the ropes or a seasoned investor seeking advanced technical analysis tools, Trading View has something for everyone.

How to use Trading View?

Getting started with Trading View is easy. Simply sign up for an account, and you’ll gain access to many charting tools, technical indicators, and drawing tools. Here’s a step-by-step guide on how to use Trading View effectively:

  1. Sign Up: Head over to the Trading View website and sign up for an account. You can choose between a free or paid subscription, depending on your needs and budget. Click here to sign up for a free Trading View account.
trading view homepage
  1. Explore the Dashboard: Familiarize yourself with the Trading View dashboard, which features the following:
trading view dashboard
  1. Customize Your Charts: Customize your charts by adding technical indicators, drawing tools, and overlays to suit your trading strategy. To access this charting software, simply navigate to the “Products” section and click on “Super Charts“. From there, you can unleash the full potential of Trading View’s chart customization features to enhance your trading experience.
trading view products
  1. Analyse Market Data: Use Trading View’s extensive library of market data to analyse price movements, volume trends, and market sentiment. You can access this information by heading to the “Markets” section and selecting “Overview.” Alternatively, for a quick shortcut, press ‘Ctrl+K’ to swiftly find and access any market data you prefer.
trading view market analyze tab
  1. Collaborate with Others: Join trading communities, share ideas, and collaborate with other traders using Trading View’s social networking features. To access this option, simply navigate to the “Community” section. Here, you can connect with like-minded individuals, discuss trading strategies, and gain valuable perspectives to enhance your trading journey.
trading view community tab
  1. Access Trading View everywhere: Trading View also offers convenient mobile and desktop applications, allowing you to access its powerful features anytime, anywhere. Whether you’re on the go or at your desk, you can download the Trading View app on your phone and PC to stay connected to the markets and manage your trades with ease. To download Trading View’s mobile and desktop applications, simply navigate to the “More” section on the Trading View website. From there, click on “Downloads,” where you’ll find the option to download the app for your PC or phone.
trading view download link

Trading View as a Charting Platform

When diving into chart analysis on Trading View, Super Charts is your go-to tool. To access it, head over to the “Products” section and click on “Super Charts.” Trading View will then present you with a candlestick chart of an asset by default, setting the stage for comprehensive analysis.

For a closer examination, simply click on the full screen mode icon located at the top right corner of the chart, resembling a box. Alternatively, you can swiftly toggle full screen mode by pressing Shift + F on your keyboard.

When you’re ready to return to the default chart size, simply press the ESC button on your keyboard, seamlessly transitioning back to your analysis with ease. With Super Charts, delving into detailed chart analysis has never been more intuitive.

For Technical indicators, simply click on the indicators at the top left of your chart, or simply press “/” to open the indicator window. It’s a quick and straightforward way to customize your charts for better analysis.

trading view indicator tab

How to Back test on Trading View ?

One of the most powerful features of Trading View is its back testing capabilities, which allow traders to test their trading strategies against historical market data. Here’s how to back test on Trading View:

  1. Using Strategy Tester: Choose a trading strategy that you want to test, whether it’s a simple moving average crossover or a complex algorithmic strategy. Put this strategy in Strategy Tester and trading view will analyze this strategy on given timeframe.
  2. Back test Your Strategy with Manual Method: Use Trading View’s bar replay tool to input your trading strategy parameters and test it against historical market data.

1. Exploring Back testing Strategies with Strategy Tester

One of the most common methods is utilizing the Strategy Tester, located at the bottom left side of the chart.

strategy tester bar on TV

To access the Strategy Tester, simply click on it, prompting you to load a strategy. Here, you’ll find thousands of technical strategies provided by Trading View, available for free. Selecting a strategy enables you to back test its effectiveness, analysing whether it would yield profit or loss based on historical data.

For instance, let’s consider testing the MACD strategy on the Nifty chart with a daily timeframe. Within seconds, the Strategy Tester efficiently processes the last 30 years of data, presenting the results in a systematic format.

strategy tester result  macd

However, it’s important to note that testing preferred strategies may require coding knowledge. For example, if you wish to test a double bottom setup using the Strategy Tester, familiarity with Pine Script (left to Strategy Tester) is necessary to execute the strategy effectively.

pine editor coding area

By leveraging the Strategy Tester and gaining proficiency in coding basics, traders can thoroughly analyse their strategies and make informed decisions to enhance their trading performance.

2. Back testing- Manual Method with Bar Replay

Another widely used method for back testing strategies is the manual approach, facilitated by the Bar Replay button. This feature grants traders the flexibility to test any strategy on any instrument using historical data.

bar replay on trading view

Located at the top centre of the toolbar, the Bar Replay button is easily accessible. Upon clicking it, a horizontal line with a small scissor icon appears, allowing traders to selectively display candles as desired.
In the chart below, let’s start our back testing from August 1, 2023. Clicking on that date removes all data from August 1, giving us a clear starting point. Now, we can test our strategy on the visible data, helping us make better trading decisions.

bar replay mode

Traders can employ various strategies, be it based on price action, technical indicators, or other methods, and manually back test them using the play button or Shift + down arrow key. Moreover, they can adjust the replay speed and execute buy or sell actions based on the signals generated by their strategy during back testing.

In the chart below, we’re testing a strategy using moving average crossovers and key levels on a Daily time frame. This is just one way to manually test strategies. With thousands of tools available, you can choose what suits you best. Evaluate their accuracy over time to refine your approach.

technical analysis using bar replay mode in trading view

In this chart, traders will also find controls to adjust replay speed and execute trades.

However, it’s essential to note that with the free version, traders are limited to daily, weekly, or monthly timeframes for manual back testing. To access lower timeframes, upgrading to a premium account is necessary to unlock full back testing capabilities.

bar replay mode premium features

By utilizing the Bar Replay feature, beginners can gain valuable insights into the effectiveness of their strategies, honing their skills and improving their trading performance over time.

Frequently Asked Questions –

1. How to Stop Trading View Changing Pair Every time I Refresh ?

One common issue that traders encounter when using Trading View is the platform’s tendency to change the trading pair every time the page is refreshed. This can be frustrating, especially if you’re trying to focus on a specific pair or an asset.

Here’s how to fix this issue:

  • Save Your Chart Layout: Before refreshing the page, save your chart layout by clicking on the “Save Layout” button in the top right corner of the charting window. You can also save your chart data by simply pressing Ctrl + S. This ensures that your analysis and findings are preserved for future reference.
  • Enable Auto-Save: Go to the chart settings menu and enable the “Auto-Save Chart Layout” option. This will prevent Trading View from automatically changing the trading pair every time you refresh the page.
  • Manually Select Trading Pair: If Trading View continues to change the trading pair after refreshing the page, you can manually select your desired pair by clicking on the asset’s name. For example, in the chart of Nifty below, clicking on its name will display a dropdown menu with multiple options of other assets. Simply select the one you prefer, and you’re all set to analyse the desired trading pair.
symbol selection

Make sure to press Ctrl + S before closing the chart.

2. Is Trading View Free?

Yes, TradingView offers both free and subscription plans. Here’s an overview of the differences:

Free Plan:

  • Limited access to features and functionalities.
  • Basic charting tools and indicators.
  • Restricted number of saved chart layouts and indicators.
  • Delayed data for some exchanges.
  • Limited access to community features like chat.


Subscription Plans:

  • Enhanced features and tools including advanced charting capabilities.
  • Access to a wider range of technical indicators and drawing tools.
  • Increased number of saved chart layouts and indicators.
  • Real-time data for major exchanges.
  • Ad-free experience.
  • Access to additional features like extended trading hours data, custom time intervals, and more.

Author

  • Yash Nagarkoti

    Yash brings extensive trading knowledge and expertise in technical analysis. Specializing in short-term to medium-term trading, his research spans the Forex market to global stock markets. Since 2016, Yash has been a member of the bulls arena trading Technical Analysis Research Team.

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